FY2025 Budget Summit - October 17, 2023 @ 5:30 p.m.
All are welcome to attend and participate in our open and public meetings. The agenda for each meeting is posted 48 business hours prior to the scheduled meeting time and can be accessed through the Select Board’s webpage.
Attend in-person at the Town Office Annex, Large Meeting Room. Join the meeting on-line or participate by phone by dialing 1-508-945-4410 and entering Conference ID 203 386 491#.
I. Consider Special One-Day Permits for Witches Walk, October 28, 2023 – Theresa Malone, Monomoy Community Services
A. One Day Entertainment Permit; Town Offices Parking Lot at 549 Main Street on October 28, 2023 from 6 – 8 pm and Chatham Beach and Tennis Club at 7 Main Street on October 28, 2023 from 8 – 10 pm
B. Special One-Day Alcohol Permit; Chatham Beach & Tennis Club 7 Main Street on October 28, 2023 from 8 – 10 pm; Chatham Cookware & Café 524 Main Street on October 28, 2023 from 6 – 8 pm; Lilly’s Diner 643 Main Street on October 28, 2023 from 6-8 pm October.
C. Tent Permit Fee Waiver; Tent at Chatham Beach & Tennis Club 7 Main Street on October 28, 2023
II. 12th Annual Town of Chatham Budget Summit for Fiscal Year 2025 (July 1, 2024 – June 30, 2025) – FY2025 An Encompassing Budget to Chart Chatham’s Future
A. State of the Town
1. Overview of Fiscal Year 2024 Budget; Strategic Budgeting for the Future
2. Year-to-Date Review/Projections; Revenue and Expenditures
B. Set the Stage for FY2025 Budget Decisions and Beyond – Discussion
1. Overview/Assumptions
2. Community Priorities
3. Inclusionary Municipal Budgeting
4. Finance Committee Supported Initiatives
5. Select Board Community Value Statements & Goals and Objectives and Review (Scheduled for October 31, 2023)
C. FY2025 Budget
1. Budget (Revenue and Expense) Forecasts
2. Critical Factors
a. Priorities/Policy Issues/Directives – Discussion
i. Funding/Service Priorities – Short-term and Long-term Funding Enhancements/Restrictions
ii. Taxpayer Assistance/Relief Initiatives as it Relates to the Budget
b. Education Assessments
i. Monomoy Regional School District – Operating Assessments and Capital Investment Needs; Chatham Elementary School
ii. Cape Cod Regional Technical High School
c. Other Funding/Priorities – American Rescue Plan Act (ARPA) and Opioid Recovery and Redemption Fund
D. FY2025 – 2029 Capital Improvement Plan/Program/Projects and Investment Strategy
1. 2024 Annual Town Meeting Warrant Articles
a. Water Supply/Wastewater Infrastructure – Capital Plan
b. Community Preservation Act Projects, including Affordable Housing Trust (CPC Applications due on November 1, 2023)
c. Attainable Housing (funded by Free Cash)
d. Other Town Funding Priorities/Projects
E. Debt Service Forecasts/Schedules
F. Recommendations and Reports Received – Review
1. Finance Committee
2. Summer Residents Advisory Committee (SRAC)
3. Chatham 365 Task Force – Recommendation Status
4. S&P Bond Rating – AAA (May 25, 2023); Efforts to Retain Highest Municipal Rating
5. Town Financial Policies Review/Update
G. FY2025 Budget Directive and Budget Review Process/Calendar